Korea shipbuilders to win mega tanker deals on rising LNG demand

Korea shipbuilders to win mega tanker deals on rising LNG demand

Orders for mega liquefied natural gas carriers have reemerged as demand for the gas has increased alongside the global push to cut carbon emissions....

NongHyup Life to issue $493 mn in subordinated bonds

NongHyup Life to issue $493 mn in subordinated bonds

NongHyup Life Insurance Co. of South Korea is slated to issue 10-year-maturity subordinated bonds worth 600 billion won ($492.6 million) on March 31...

Blue house brawl: South Korea spars over where next president will live

Blue house brawl: South Korea spars over where next president will live

SEOUL—South Korea’s political division runs so deep now that the country can’t agree where the next president should liv...

Korea won at three-year high vs yen on rate differentials

Korea won at three-year high vs yen on rate differentials

South Korea’s won currency on Monday hit its strongest point against the Japanese yen in more than three years on higher interest rates and co...

Kurly applies for Korea IPO to raise about $800 mn

Kurly applies for Korea IPO to raise about $800 mn

South Korea's Kurly Inc. on Monday applied for a preliminary review of its initial public offering, the Korea Exchange said, as the operator of groc...

MBK sees most productive year ever, returning $5.3 bn to investors

MBK sees most productive year ever, returning $5.3 bn to investors

MBK Partners will be bold in moving into more Asian markets this year, wrote the company's founder and chairman Michael ByungJu Kim, in his annual l...

KTB rebrands with name change as Daol Financial Group

KTB rebrands with name change as Daol Financial Group

Daol Financial Group of South Korea, formerly known as KTB Financial Group, announced on March 25 the change in the company's name. Daol, a Korean w...

Korea shipbuilders aim for strong demand on tougher rules

Korea shipbuilders aim for strong demand on tougher rules

South Korea’s shipbuilders targeted demand for new vessels and ship modification as tougher environmental regulations are scheduled to take ef...

Korea's major fashion firms rush to embrace content marketing

Korea's major fashion firms rush to embrace content marketing

Major South Korean fashion companies are speeding up their investment in content startups. F&F Holdings, the distributor of the US outdoor brand...

Lotte Group’s confectionery and food shares jump 5% on merger news

Lotte Group’s confectionery and food shares jump 5% on merger news

Shares of both Lotte Confectionery and Lotte Food rose more than 5% Thursday on expectations of synergy effects from their upcoming merger. A d...

SK E&S buys EverCharge to enter US EV charging market

SK E&S buys EverCharge to enter US EV charging market

South Korea’s SK E&S Co. acquired US electric vehicle charging solution provider EverCharge Inc. to start the business in the world’...

Kia plans new Korea plant first time in 25 years for purpose-built vehicles

Kia plans new Korea plant first time in 25 years for purpose-built vehicles

Kia Corp., South Korea’s No. 2 automaker, will set up a new domestic factory for the first time in 25 years to produce purpose-built vehicles ...

North Korea launches another unknown projectile

North Korea launches another unknown projectile

SEOUL—North Korea launched an unknown projectile off its east coast on Thursday, the military in Seoul said, as the Kim Jong Un regime conti...

South Korea's 2021 outbound FDI at record-high $76 bn

South Korea's 2021 outbound FDI at record-high $76 bn

South Korea's outbound direct investment in 2021 soared 32.8% from the year previous to a record-high $75.9 billion, led by financial investors and ...

Lotte Confectionery to merge with Lotte Food

Lotte Confectionery to merge with Lotte Food

Lotte Group will merge its confectionery and foodstuff businesses, South Korea's fourth-largest conglomerate announced Wednesday.Lotte Confectionery...

Samsung, Hyundai amass record-high levels of cash

Samsung, Hyundai amass record-high levels of cash

Major South Korean companies such as Samsung Electronics Co. and Hyundai Motor Co. have accumulated more cash than ever before amid growing uncertai...

SK tipped to be Korea's 1st group to issue digital coins

SK tipped to be Korea's 1st group to issue digital coins

SK Square Co., the investment arm of SK Group, is working on issuing its own digital currency within the year, according to people with knowledge of...

Korea names IMF official as new central bank head

Korea names IMF official as new central bank head

South Korea on Wednesday nominated veteran International Monetary Fund official Rhee Chang-yong as the country’s new central bank chief, who i...

Korea's hotel deals hit record-high $1.4 bn in 2021: JLL

Korea's hotel deals hit record-high $1.4 bn in 2021: JLL

Hotel deals in South Korea hit a record high of 1.7 trillion won ($1.4 billion) in 2021, up 80% from the previous year, said global real estate serv...

Chung Ki-sun joins KSOE boardroom, to take helm at Hyundai Heavy

Chung Ki-sun joins KSOE boardroom, to take helm at Hyundai Heavy

Hyundai Heavy Industries Group’s heir apparent Chung Ki-sun has been appointed as a co-chief executive and a registered director of Korea Ship...

Korea's new asset managers survive with competitive edge

Korea's new asset managers survive with competitive edge

  Most new asset management firms in South Korea end up lagging the competition due to their smaller sizes. They suffer from operating losses ...

Korean online banks’ disruptive business model: Woo low-credit borrowers

Korean online banks’ disruptive business model: Woo low-credit borrowers

South Korea’s three major digital banks are stepping up their credit loans to borrowers with low credit ratings, a disruptive business model s...

Acqui-hire practices increase in S.Korea’s startup ecosystem

Acqui-hire practices increase in S.Korea’s startup ecosystem

Jobis & Villains, the operator of artificial intelligence-powered accounting platform 3.3, announced that it recently acquired video messenger s...

Korea rises as test bed for global luxury brands

Korea rises as test bed for global luxury brands

South Korea is becoming a test bed for global high-end brands such as Balenciaga, Valentino, IWC and Breitling. The world's top luxury brands, pre...

Lotte seeks first-mover advantage in senior market

Lotte seeks first-mover advantage in senior market

South Korea's Lotte Group will build a luxury residential town for retirees in Seoul by 2025 to plunge into the senior housing market.Lotte Hotels a...

Korea Hana teams up with British developer Nick Candy in Chelsea bid

Korea Hana teams up with British developer Nick Candy in Chelsea bid

South Korea’s Hana Financial Group has joined the race to buy English Premier League club Chelsea in a consortium with British property develo...

Korea to open temporary settlement lines for trade with Russia

Korea to open temporary settlement lines for trade with Russia

South Korea plans to open temporary settlement lines between domestic banks and their units in Russia in order to help companies hit by multinationa...

Goldman exits Korean beauty startup without profit

Goldman exits Korean beauty startup without profit

Goldman Sachs has divested of its stake worth 75 billion won ($62 million) in South Korea's cosmetics startup GP Club Co. without a profit due to de...

Korean IPOs delayed after bourse's sweeping reshuffle

Korean IPOs delayed after bourse's sweeping reshuffle

Scores of South Korean initial public offerings slated for the first half of this year have been delayed after the bourse operator carried out a lar...

Gucci to open world’s fourth Osteria restaurant in Seoul

Gucci to open world’s fourth Osteria restaurant in Seoul

Seoulites are set to enjoy Gucci’s fine-dining experience from later this month.The Italian luxury fashion house said on Wednesday it will ope...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race